As read in The Adviser online – A financial services comparison site has announced the launch of a new marketplace aimed at helping borrowers find out their chances of approval before applying for personal loans. RateCity’s new personal loan marketplace is intended to help borrowers understand the probability of getting a personal loan approved and […]
As read in the Aust Broker Online – Last week the Australian population reached 25 million – a milestone achieved 33 years sooner than expected.While it’s good news for the country’s economic growth, housing supply must remain strong to guarantee affordability for future generations, according to the HIA. “Clearly growth has occurred faster than the […]
As read in M ortgageBusiness Online – Out-of-cycle rate rises are expected to continue, this time from the big four banks, according the majority of respondents to a new survey. Economists believe that the big four banks will continue raising their interest rates regardless of the fact that the official cash rate has been held […]
As read in The Adviser online -As Generation Y begins to enter the housing market, there could be a change in the types of dwellings sought after, a new report has suggested. According to industry analyst and economic forecasters BIS Oxford Economics, changes to the age profile of the population over the next decade will likely result in a […]
As read in the Aust Broker Online – Research shows more than a dozen lenders are using honeymoon rates to attract new home loan customers, with deals which could see borrowers up to $33,573 out of pocket within five years, and $140,816 over 30 years. A honeymoon rate, sometimes called an introductory rate, is a […]
As read in MortgaeBusiness Online -The impending Consumer Data Right could iron some of the kinks out of the home loan application process, the chair of the ACCC has suggested. Speaking at the National Consumer Data Policy Research Centre on Friday (13 July 2018), the chair of the Australian Competition and Consumer Commission (ACCC), Rod Sims, […]
consecutive month, with tighter lending conditions and the slowdown in investment activity cited as the “primary drivers” of the housing market slump in the latest CoreLogic report. According to CoreLogic’s latest Hedonic Home Value Index, dwelling values slipped by 0.2 of a percentage point in June, driven by a 0.3 of a percentage point slide in combined capital city home […]
As read in The Adviser Online – The Housing Industry Association has cited the royal commission’s impact on bank lending policies as a contributing factor in the continued slide of new house sales in 2018. HIA’s principal economist, Tim Reardon, said that the first half of 2018 has seen a renewed downward trend in new […]
Trust in the big four banks has plummeted as customer-owned financial institutions gain some trust, according to new research. As read in MortgageBusiness Online – A survey of 1,000 Australian consumers by Essential Media has revealed that nearly half of respondents, or 47 per cent, have less trust in the major banks, while 14 per […]
As read in Aust Broker Online – New data has shown a 2% increase in borrowers opting for variable rate home loans, as demand for fixed rate loans fell for the 8th month in a row. According to Mortgage Choice’s latest national home loan approval data, variable rate home loans accounted for over 82% of all […]
